What the analyst said
Mizuho analyst Vijay Rakesh raised the price target on AMD (NASDAQ: AMD) to $415.00 (from $280.00) while maintaining an Outperform rating.
“AMD reported good MarQ and guided JunQ better to $11.2B (consensus $10.5B).
Key highlights: 1) Solid JunQ guide with DC up DD% q/q (consensus $6B), with CPU/GPUs; 2) Server EPYC CPUs upside on Agentic AI with Turin/Genoa and Venice on track 2H26E, and 3) With 2026E AI/hyperscaler DC CAPEX accelerating to up 67% y/y, vs up 33% in Jan’26, we see tailwinds from AMD DC Strong growing 2026/27E at up 77%/up 85% y/y, Server CPU tailwinds driving C26/C27E rev up 54%/up 63%% y/y.
Maintain Outperform, raising Ests and PT to $415 (prior $280), ~30x P/E F27E (prior: 23x) a premium to peers with 2026/27 EPS growing faster, up 72%/92% y/y, as Agentic AI CPU and upcoming Multi-GW MI4XX Instinct instances ramp.”
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Where the price stands
AMD trades at $422. The 30 analysts who set a target in the last 3 months range from $540 to $1,250, with a median of $650. This $415 target is 36% below the median, the lowest on the Street.
Since the note AMD has moved +19% (from $355). 12-month window: day 183 of 365, closes on May 6, 2027.
Track record
This call✓ Target reached on May 6, 2026, 0 days after the note.
Firm track recordMizuho: 88% of its 69 targets at least a year old were reached within 12 months (#2 of 26 firms); on AMD, 9 of 9. Accuracy ranking →
Mizuho on AMD
Mizuho price targets on AMD
8 calls from July 15, 2025 to June 1, 2026. The target went from $175 to $615 (+251%). The rating stayed Buy.
- June 1, 2026Target raised from $515 (+19%)Buy$615
- May 12, 2026Target raised from $415 (+24%)Buy$515
- May 6, 2026 This noteTarget raised from $275 (+51%)Buy$415
- February 4, 2026Target cut from $285 (−4%)Buy$275
- November 12, 2025Target raised from $275 (+4%)Buy$285
- October 13, 2025Target raised from $205 (+34%)Buy$275
- October 7, 2025Target raised from $175 (+17%)Buy$205
- July 15, 2025Earliest call shownBuy$175
Other analysts on AMD
HSBCHold
Raised price target +8%, kept rating · Nov 5
$540from $500
StoneXBuy
Kept rating and price target · Nov 4
$685maintained
DA DavidsonBuy
Raised price target +9%, kept rating · Nov 4
$600from $550
TD CowenBuy
Kept rating and price target · Nov 4
$675maintained
RBC CapitalHold
Kept rating and price target · Nov 4
$540maintained